Camarilla Pivot Points
BTC last hope for bounceBTC finding itself on the monthly L3 camarilla pivot. which is the projected range low based on price action of previous month.
If it holds this level it is possible we can see a move to the H3. This is invalidated with move under The L4. Furthermore Break of the L4 could hypothetically lead to L5 if it was within the month. It is not my opinion that happens though and more likely trades to L4 if we lose L3.
So if you do want a long position. better to make it a very wide stop.... or a very tight stop
BTC intraday day trade setupsIf btc can hold L3 on the hourly I guess will will probably go to H3. if it breaks H4 can go to H5 and 6. Stoploss for this trade is L4
If Btc breaks L4 then btc probably hits L5 and maybe L6. stoploss for this trade is L3 once broken.
this analysis done with camarilla pivots daily levels and only remain valid until tomorrow asia open
Which do you think is more likely?
BTC breakdown and what is nextWell we lost the retaken support. so highly likely we retest tomorrows daily pivot around 30.2ish. What happens after that will be the deciding factor. If we retake that level it is possible we rise more. However if we bounce down off it and start trading below the developing L3 I would say we test the next weekly and monthly L3 regions around 28 and 27k regions
To sum it up. BTC will look good back above 30.2/30.5 for possible trading towards higher targets
good areas for possible bounce are 27 to 28.
good area for short term hedge if you fear downside are 30.2 with very tight stop.
analysis down with camarilla pivot points
BTC 27 or 35 first? monthly cam pivotswith next camarilla pivot point monthly levels developing we can project the next projected range levels intramonth. usually (not always) it is the case that both sides at least get tested. so its possible next month sees both levels hit. the determining factor will be if we find new resistance at that central purple level or not. what are your thoughts on which comes first?
BTC trap or more up and how to trade itTomorrow will probably retest new daily pivot around 30.8k/31k from there it may be possible to go long for coming H3 and maybe 33 region.
However. if we break under the weekly H3 level around 30.2. I would be wary and careful as me might head to weekly L3.
analysis done with a combination of camarilla weekly and daily pivot points
BTC breakout points camarilla pivotsin the middle of linear regression 3hour channel. breaking L4 or H4 should result in levels 5 and 6 if they are broken today.
these are intraday camarilla pivots. so the levels and targets remain true for today. It is still possible we go sideways.
oscillation starting to look like it favors down on mid term time frames, up on small time frames. and on weekly and higher looking pretty oversold
BTC intraday tight range. wait for breakoutbetween H3 and L3 is ranging. If you want to catch breakout scalp of this small range wait for hourly close above H4 (then stop at H3) or below L4 (then stop at L3). The targets for either break is levels 5 and 6.
Analysis done with camarilla pivots daily levels